Solana
Jupiter Perps
USDC
SOL
ETH
BTC
Overview
PROPFUN is a prop firm with no staff. A program on Solana sells the exam, grades it, funds the traders who pass and pays them their share. Nobody at PROPFUN reads your trades, approves your payout or decides that you broke a rule.
The short version
- You pay an exam fee in USDC into the capital pool.
- You trade a time-boxed exam on Jupiter Perps under rules posted before the season opens: a profit target, a daily loss line and a total loss line.
- The program marks your account at exit value the whole time. Hit the target and it writes a pass. Touch a loss line and it writes a fail and closes the exam.
- A pass gets you a seat: a wallet funded from the pool that can only trade on Jupiter Perps, inside size caps, and cannot withdraw or send funds anywhere.
- Profit leaves a seat only through the split: 80% to you, 20% back to the pool.
Why it exists
Prop firms already sell this, and plenty of traders pay for it. The common complaint is the grading: the firm keeps the rules, the account and the verdict on its own servers, and a failed trader often cannot see why. PROPFUN moves all three on chain. The rules are public before you pay, every position is public while you trade, and the grade is a record anyone can read.
What PROPFUN does not do
- It does not make trading easier. Most people fail prop exams. Industry data puts the pass rate around 14 in 100 and payouts around 7 in 100.
- It does not hold your own funds. The only thing you send is the exam fee.
- It does not let anyone, the operator included, move pool money to an address of their choosing.
Where things stand
PROPFUN is in preview. The landing and the app read live mainnet data; exams open at launch. Every live counter on the site reads zero until then.
Pages
| Page | What it covers |
|---|---|
| How the exam works | Seasons, the fee, markets, the target and both loss lines |
| The auto-cut | Exit value and the moment a seat is closed |
| The seat wallet | What a funded seat can and cannot do |
| The 80/20 split | How profit leaves a seat |
| The capital pool | Who funds seats and how losses are capped |
| Economics | Every flow of money, with the industry numbers |
| Trust model | What the operator can and cannot touch |
| FAQ | Short answers |